Friday, February 15, 2013

Tata Technologies eyes aviation, automotive sectors for growth


Mumbai: Engineering and design services provider Tata Technologies on Thursday said the company is targeting a turnover of around Rs 5,400 crore over the next three years from the present Rs 650 crore.
The company that has domain expertise in engineering services, said there are lots of opportunities in the coming years, though the market is small for such businesses right now.
“We have a target of achieving $1 billion (around Rs 5,400 crore) by financial year 2017 and also grow our employees by around three fold to 20,000 people from 6,000 employees right now,” Samir Yajnik, President Global Services and Chief Operating Officer – Asia-Pacific, Tata Technologies, told Business Line.
He said India would be an exciting market for companies like Tata Technologies in the future because the market is growing in the automotive, aero space and industry machineries where it has its focus on.
14/02/13 S Ronendra Singh/Business Line
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